MultiPlan Wins “Healthcare Data Solution of the Year” Designation in 2022 Data Breakthrough Awards Program
March 24 2022 - 2:30PM
Business Wire
Prestigious International Awards Program
Recognizes MultiPlan’s Outstanding Achievements in Machine
Learning
MultiPlan Corporation (NYSE:MPLN), a leading provider of data
analytics and technology-enabled cost management, and payment and
revenue integrity solutions to the U.S. healthcare industry, today
announced that it has been selected as the winner of the
“Healthcare Data Solution of the Year” award in the 3rd annual Data
Breakthrough Awards program conducted by Data Breakthrough, an
independent market intelligence organization that recognizes the
top companies, technologies, and products in the global data
technology market today.
MultiPlan was specifically recognized for its negotiation
prioritization tool that helps its claims negotiators quickly
identify the next best claim to work, leading to greater savings
for customers and increased throughput for negotiators. The highly
effective, predictive tool was built on years of quality data that
fueled its machine learning model and immediately delivered results
and enhanced productivity. Using a combination of machine learning
and complex business rules, the machine learning models make use of
the financials of a claim, its clinical factors, MultiPlan's
history of negotiating with a particular provider, and more, to
assign a claim priority score that is used to automatically rank
claims within the queue.
“We are thrilled our data team is being honored by Data
Breakthrough. The team’s machine learning models combined with
their best-in-class change management efforts led to a nearly
perfect roll out of the project and immediately helped the
Negotiation Services team gain incredible efficiencies and cost
savings,” said Michael Kim, MultiPlan Senior Vice President and
CIO. “Our innovative healthcare cost management solutions emphasize
a legacy of strong payor and provider relationships. In this case,
not only have we improved results and team morale, but the
negotiation prioritization tool is another step toward our mission
of delivering fairness, efficiency, and affordability to U.S.
healthcare.”
“MultiPlan has created a highly predictive tool that gives
negotiators a path toward the highest yield cases while maintaining
overall quality and value-delivery based on human inputs -
something the predictive model could not factor into its limited
view of success alone. Congratulations on being our choice for
‘Healthcare Data Solution of the Year,” said James Johnson,
Managing Director, Data Breakthrough.
MultiPlan provides technology-enabled provider network,
negotiation, claim pricing, and payment accuracy services for
medical payors. The company has pioneered innovative solutions
through its sophisticated technology, approach to data analytics,
and teams rich with industry experience.
The annual Data Breakthrough Awards is the premier awards
program founded to recognize the data technology innovators,
leaders and visionaries from around the world in a range of
categories, including Data Analytics, Big Data, Business
Intelligence, Data Storage and many more. The third annual Data
Breakthrough Award program attracted more than 1,850 nominations
from across the globe.
About MultiPlan MultiPlan is committed to helping
healthcare payors manage the cost of care, improve their
competitiveness and inspire positive change. Leveraging
sophisticated technology, data analytics and a team rich with
industry experience, MultiPlan interprets clients’ needs and
customizes innovative solutions that combine its payment and
revenue integrity, network-based and analytics-based services.
MultiPlan is a trusted partner to over 700 healthcare payors in the
commercial health, government and property and casualty markets.
For more information, visit http://www.multiplan.com.
About Data Breakthrough Part of the Tech Breakthrough
organization, a leading global provider of market intelligence and
recognition platforms for technology innovation and leadership, the
Data Breakthrough Awards program is devoted to honoring innovation
and market disruption in data technologies, services, companies and
products. The global Data Breakthrough Awards program provides a
forum for public recognition around the achievements of data
companies and solutions in categories including data analytics,
management, infrastructure and hardware, storage, Business
Intelligence and more.
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version on businesswire.com: https://www.businesswire.com/news/home/20220324005707/en/
Investor Relations Luke Montgomery, CFA SVP, Finance
& Investor Relations MultiPlan 866-909-7427
investor@multiplan.com
Shawna Gasik AVP, Investor Relations MultiPlan 866-909-7427
investor@multiplan.com
Media Relations Pamela Walker Senior Director, Marketing
& Communication MultiPlan 781-895-3118 press@multiplan.com
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